5924 W Lawrence Ave, Chicago, IL 60630
For Sale
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This 2,000-square-foot vacant commercial building at 5924 W Lawrence Avenue in Chicago, IL, presents a compelling investment opportunity. Built in 1958, this single-story structure boasts a classic façade and high visibility, situated near the corner of Lawrence and Austin Avenues, adjacent to the Lawrence Plaza Retail Strip Center. The property features 12-foot ceilings, a 200-amp electrical system, bright windows, and modern lighting. Currently configured as two retail spaces, this versatile building offers significant potential for a variety of uses, including retail, professional offices, medical practices, or educational facilities. The property includes six parking spaces in a rear lot. The building sits on a 4,488-square-foot lot with an estimated 10,800 vehicles passing daily, ensuring high traffic and excellent exposure. The permitted zoning is Retail, making it ideal for an owner-user seeking a prime location in a thriving commercial area. Nearby businesses include Printers Row Brewing, Sandy's Bakery & Deli, and several other popular establishments. This property offers a rare blend of character, functionality, and location, making it an exceptional investment prospect.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.